Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Former Congressman Chris Collins Sentenced To 26 Months In Jail For Insider Trading

by carmen_roxanna
January 18, 2020
Reading Time: 2 mins read
0
Chris Collins
Share on FacebookShare on Twitter

A Manhattan federal court judge sentenced disgraced former New York Congressman Chris Collins to 26 months in prison for insider trading on Friday after the 69-year-old pleaded guilty in October to the insider trading charges, in addition to lying to the FBI.

Collins admitted he called his son, Cameron, from the White House Rose Garden to share confidential information about an Australian biotech company, Innate Immunotherapeutics. And the crime was caught on camera by a CBS News crew.

Taking his father’s advice, Cameron dumped his shares, avoiding around $571,000 in losses. Judge Vernon Broderick described the father and son’s actions as a “crime that goes to the heart of our financial system” and creates a “perception that the market is rigged.”

The former lawmaker addressed the courtroom before he received his sentence, seemingly overcome with grief and making unintelligible comments while rocking back and forth. Collins’ lawyers assert that he should be granted leniency and be allowed to serve his sentence at his new home in Florida because, they claimed, he was not sane when he lied to the FBI.

However, Judge Broderick didn’t buy the argument, stating, “I don’t see this as a spur-of-the-moment loss in judgment.” Broderick wasn’t as harsh on the punishment as prosecutors hoped when they requested nearly five years in prison for the ex-congressman.

Collins won reelection in 2018 under federal indictment and while maintaining his innocence but resigned after news broke that he intended to plead guilty. According to the New York Post, Collins must also pay a $200,000 fine and will surrender to the Bureau of Prisons on March 17. Cameron, who also pleaded guilty, is facing sentencing next week.

Chris Collins

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: News

Related Posts

Elon Musk's SpaceX Operations Officially Form New City Named Starbase in Texas After Voter Approval
News

Elon Musk Starts “America Party” After Beefing with Trump Over Government Spending

July 5, 2025

Elon Musk has officially entered the political arena with the announcement of his new political movement: the "America Party." The...

Trump Targets 12 Nations With Tariff Ultimatum as Trade Talks Stall
News

Trump Targets 12 Nations With Tariff Ultimatum as Trade Talks Stall

July 5, 2025

Donald Trump is pressing forward with a hardline trade strategy, revealing he’s signed letters directed at 12 countries detailing the...

Tory Lanez to Drop Prison Wisdom in New Book Co-Written with Dad
News

Tory Lanez to Drop Prison Wisdom in New Book Co-Written with Dad

July 5, 2025

Tory Lanez might be behind bars, but his father, Sonstar Peterson, says the rapper’s not just passing time, he’s making...

Texas Flood Disaster: 27 Dead, Dozens Missing After Flash Flood Obliterates Girls’ Camp and More in Kerr County [Video]
News

Texas Flood Disaster: 27 Dead, Dozens Missing After Flash Flood Obliterates Girls’ Camp and More in Kerr County [Video]

July 5, 2025

A quiet summer night turned catastrophic when flash floods ripped through Kerr County, which is in the heart of Texas Hill...

Next Post
Tyler Perry Slams Insurance Companies After L.A. Wildfires: ‘Pure Greed’

Tyler Perry Denies Exploiting Women In Films During An Interview At The Premiere Of His New Movie ‘A Fall From Grace’

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d